Robert Tuttle's questions to Cenovus Energy Inc (CVE) leadership • Q2 2024
Question
Robert Tuttle of Bloomberg News followed up on the TMX pipeline, asking when its spot capacity might be fully utilized and how it ranks competitively against other egress options.
Answer
Executive Geoff Murray explained that due to its tariff structure and the intrinsic link of global pricing, TMX is expected to be one of the last egress options to fill. He suggested it is unlikely all current egress will be filled within the next year, but the exact timeline could be two to five years, depending on producer supply growth and the operability of other infrastructure.